Equipment Type

Materials Costs Jump Again

Price spikes for several key construction materials in September, the second month in a row of increases, threaten to push contractors out of business, according to AGC's analysis of government data.

October 15, 2012

Price spikes for several key construction materials in September, the second month in a row of increases, threaten to push contractors out of business, according to AGC's analysis of government data.

The recent surge comes despite mild year-over-year changes in materials prices overall.

“The latest surge in materials costs may push subcontractors and some general contractors into insolvency, following years of razor-thin margins and shrunken levels of activity,” said Ken Simonson, chief economist for AGC. “Most contractors have no ability to pass on unexpected cost increases.”

Source: AGC

More like this

Comments on: "Materials Costs Jump Again"

Overlay Init